Great Depression / New Deal

A major cause of the economic depression of 1929 was

• abuse of credit.

• a return to the gold standard.

• increased number of public works projects.

• government programs designed to reduce agricultural production.

"Section 202. (a) Every qualified individual shall be entitled to receive.. . on the date he attains the age of sixty-five,.. . and ending on the date of his death, an old-age benefit. . ."

 

A major purpose of this section of Federal legislation was to

• assure adequate medical care for the elderly

• guarantee an annual income to experienced employees

• provide economic assistance to retired elderly workers

• reward workers for their support of the union movement

The purpose of the TVA (Tennessee Valley Authority) was

• to insure bank deposits in the United States.

• to provide job opportunities in national parks.

• to reduce farm surpluses and raise agricultural profits.

• provide electrical power to an underdeveloped region of the U.S.

Which situation was a basic cause of the Great Depression?

• excessive profits for farmers

• overregulation of the stock market

• overproduction of consumer goods

• continued increases in wages for workers

What were two basic causes of the Dust Bowl during the early 1930s?

• strip mining and toxic waste dumping

• over farming and severe drought

• clear-cutting of forests and construction of railroads

• overpopulation and urban sprawl

The main purpose of New Deal measures such as the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) was to

• provide immediate employment opportunities

• develop rules to limit speculation and safeguard savings

• enable the Federal Government to take over failing industries

• assure a guaranteed income for American families

What was the most likely cause of the election results shown on the map?

• Most voters blamed President Herbert Hoover for the Great Depression.

• It is difficult to defeat an incumbent (sitting) president.

• Franklin D. Roosevelt had more business experience than Herbert Hoover.

• Republican Party popularity had been declining for several elections.

Overproduction and underconsumption factored into causing the Great Depression by

• causing falling prices on goods.

• forcing a decrease in mechanization.

• leading to more spending than saving.

• scaring farmers into growing fewer crops.

An obvious defect in the United States' banking system that was exposed during the Great Depression was

• excessive government regulation of banks.

• the federal government's ownership of banks.

• an excessive amount of currency in circulation.

• the lack of protection for funds deposited by individuals in banks.

A major criticism of President Franklin D. Roosevelt's programs to combat the Great Depression was that these programs

• reduced the power of the federal government.

• provided too much protection for big business.

• ignored the plight of homeowners with mortgages.

• made people dependent on the federal government.